SuddenFX

Average Daily Range

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Calculates the Average Daily Range for the past 14 days high - low.
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study(title="Average Daily Range", shorttitle="ADR", overlay=false)
thishigh = security(tickerid, 'D', high)
thislow  = security(tickerid, 'D', low)
length = 14
adr = sma(thishigh,length)-sma(thislow,length)
plot(adr, color=red)
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